Hello my friends ,welcome back to PM-TV.
Today i'm gonna show and talk about Tron and it's in depth Technical analysis.
The most hyped coin which has able to reach in the top 10 coins list in such a short period of time seems out of focus due to Bitcoin Fuds and some negative aspects.
If you notice then you may find that the all time high of tron is around 2049 satoshi and few months ago it touched 1080 satoshi and after that it formed Double Top which definitely has to drop Tron.
Watch the above chart carefully ,you can see that Tron here is going to form a DOUBLE BOTTOM and if the support lines are strong enough then we may see tron in a short but Good Bull run.
For the Bull run ,Tron has to complete the the line with 3 green arrows in the chart or you can say it's more like an increasing Trend ,
The most important thing then is to break that resistance point marked with green circle to cause a breakout .
It then sure has to cross the 50D Moving average to confirm a bull run.
After Double Bottom Formation We'll soon see a new All time high by Tron.
That's all my friend's.
see you tomorrow.
Note- Crypto market is a risk and even volatile, sometimes even technical analysis gets failed so trade carefully.